California State Teachers Retirement System lowered its holdings in Great Ajax Corp (NYSE:AJX) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,764 shares of the real estate investment trust’s stock after selling 2,200 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Great Ajax worth $388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nationwide Fund Advisors lifted its holdings in Great Ajax by 16.3% in the 2nd quarter. Nationwide Fund Advisors now owns 9,600 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,347 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Great Ajax in the 2nd quarter worth approximately $192,000. Rhumbline Advisers lifted its holdings in Great Ajax by 15.6% in the 2nd quarter. Rhumbline Advisers now owns 17,933 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 2,415 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Great Ajax by 31.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,977 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 4,260 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Great Ajax by 32.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 20,543 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 5,022 shares during the period. Institutional investors and hedge funds own 71.42% of the company’s stock.

A number of research firms have recently commented on AJX. Zacks Investment Research cut Great Ajax from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley restated a “buy” rating on shares of Great Ajax in a research note on Wednesday, November 1st. Compass Point upgraded Great Ajax from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 8th. Finally, BidaskClub upgraded Great Ajax from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Great Ajax currently has an average rating of “Buy” and a consensus target price of $15.17.

Great Ajax Corp (NYSE:AJX) opened at $14.37 on Monday. The company has a market capitalization of $262.28, a P/E ratio of 9.27 and a beta of 0.86. The company has a debt-to-equity ratio of 2.03, a current ratio of 4.23 and a quick ratio of 4.23. Great Ajax Corp has a one year low of $12.72 and a one year high of $15.40.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date of this dividend was Thursday, November 16th. Great Ajax’s payout ratio is presently 78.43%.

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About Great Ajax

Great Ajax Corp. is an externally managed real estate company. The Company is focused on acquiring, investing in and managing a portfolio of re-performing and non-performing mortgage loans secured by single-family residences and single-family properties. Its segment is focused on non-performing mortgages and re-performing mortgages.

Institutional Ownership by Quarter for Great Ajax (NYSE:AJX)

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